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Toronto, ON / TheNewswire / November 27, 2015 / NTG Clarity Networks Inc. (TSX.V:NCI), NTG is pleased to announce that the Company has a signed a Frame Agreement with a Telecom service provider in the Gulf area. Under the agreement, NTG will provide products and services including software, hardware, and professional services.
NTG has also received the first purchase orders under this agreement to provide, and implement the Company's ADM (Advanced Dealer Management software). NTG will also provide hardware and support personnel. The value of the current purchase orders is approximately $500K.
Phase 1 work under the original purchase orders will be completed in December 2015. NTG expects to receive further orders for the support, maintenance and enhancements to the ADM products in early 2016.
ADM are modules which form part of the NTS family of products that provide Telecom operators with a competitive advantage by managing their dealers and enabling the operator to provide incentives to their dealers to sell more of the Company's products. ADM is in high demand with operators as they are focusing on increasing their margins and improving their edge in a highly competitive market.
"During 2015, we have been working hard to diversify and expand our customer base and to establish NTG as a leading provider of quality Telecom software products and services in the Gulf region. The signing of this contract with this prestigious customer substantially expands our revenue base and reflects the increasing satisfaction and confidence of our customers with regards to our extensive expertise in telecom systems and operator requirements" said Ashraf Zaghloul, NTG Clarity's Chairman and CEO.
About NTG Clarity Networks Inc.
NTG Clarity Networks' vision is to be a global leader in providing networking solutions. As a Canadian company established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises. More than 400 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.
Forward Looking Information
Certain statements in this release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature.
These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward looking statements should circumstances or management's estimates or opinions change.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For Further Information:
Doren Quinton, President QIS Capital
Ph:250-377-1182
Fax:250-377-1183
Email:info@smallcaps.ca
Kristine Lewis, President, NTG Clarity Networks Inc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: klewis@ntgclarity.com
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